Monday, February 25, 2008

What to look for in the morning....

AutoZone (AZO), CBS Corp. (CBS), HJ Heinz (HNZ), Home Depot (HD), and Target (TGT) are all scheduled to announce their latest results tomorrow morning before the opening bell.

The January Producer Price Index kicks off tomorrow's economic readings (8:30 AM ET). The consensus is calling for an increase of 0.4% in the index.

Once trading is underway, market participants will be looking for the January New Home Sales report (10:00 AM ET). Existing home sales for January, which were announced this morning, posted a less severe downturn than economists expected.

Federal Reserve Governor Kohn speaks on U.S. economy and monetary policy in NC (12:15 PM ET).

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